Zacks Research Has Pessimistic Outlook of NIKE Q2 Earnings

NIKE, Inc. (NYSE:NKE) – Equities researchers at Zacks Research dropped their Q2 2027 EPS estimates for shares of NIKE in a note issued to investors on Monday, January 20th. Zacks Research analyst R. Lohia now expects that the footwear maker will post earnings per share of $0.87 for the quarter, down from their prior forecast of $0.88. The consensus estimate for NIKE’s current full-year earnings is $2.10 per share.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group raised their price objective on shares of NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Needham & Company LLC reissued a “buy” rating and issued a $84.00 price target on shares of NIKE in a research note on Friday, December 20th. DA Davidson raised shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Morgan Stanley dropped their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Bank of America dropped their price target on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.96.

NIKE Price Performance

Shares of NYSE NKE opened at $74.44 on Thursday. The stock has a market capitalization of $110.10 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.33 and a beta of 1.02. NIKE has a 12 month low of $70.32 and a 12 month high of $107.43. The firm’s 50 day simple moving average is $75.54 and its 200-day simple moving average is $77.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

Institutional Trading of NIKE

Institutional investors and hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in NIKE in the 4th quarter valued at about $28,000. Teachers Insurance & Annuity Association of America purchased a new stake in NIKE in the 3rd quarter valued at about $30,000. VitalStone Financial LLC grew its position in NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 150 shares in the last quarter. Dunhill Financial LLC grew its position in NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after acquiring an additional 169 shares in the last quarter. Finally, Ecofi Investissements SA acquired a new position in NIKE in the 2nd quarter valued at about $49,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a $0.40 dividend. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s payout ratio is 49.38%.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.